In court on Wednesday....

Desperate+Depressed

Hi all,

I due in court at 11am on Wednesday (to say I'm pooing myself is an understatement)!!

I would be greateful if you would scan your "experienced" eyes over my causes for BR. I have completed the other 29 pages with the help of several people on here.....

Reasons: I took out a Norther Rock loan in August 2007 for £10,000 to use for home improvements. In September 2007 I had to leave work unexpectedly due to ill health and start claiming benefits of approximately £100.00 p.w. Due to the lack of income, I struggled with the loan repayments, but saw this as a short term problem. I already had a credit card, to which I had never used up to this point). I started to use the card to tide me over to live on and to and to pay the loan.

In February 2008 I returned back to full-time work earning just over £10,000. Approximately July 2008 due to improved income and personal improvements, I again used credit for essentials. In October 2008 I took out a £9,000 loan with Tesco. This was to be used for home improvements on my partner's house, due to our relationship becoming more stable and our intention to co-habit (thus 2 incomes, making our income larger). However, things did not go according to plan and in January 2009, we separated. The majority of the loan was spent on furnishing the "new joint home", with the remainder being spent on refurbishing my house and getting myself back on my feet.

It is with regret I find myself in the position of petitioning for bankruptcy. I have approximatey £28,000 worth of debt, with little ability to pay my creditors a I am now in receipt of benefits. I have taken advice from CCCS, who have advised I petition for bankruptcy.

fiveyearplan

The only thing that sticks out to me is the £9,000 for partner's home. If you have no problem with OR contacting your ex then I suppose it isn't a problem.

Desperate+Depressed

I'd rather they didn't.......we didn't part on good terms at the end!!

I don't have any receipt to prove I spent it on his house, so would it be better if I just said it was for my house and repairs to my car (which is true....the damm thing blew it's head gasket)lol

Also.....I need to take 3 x copies of the Forms to the court (does that inc. a copy for me)

fiveyearplan

I'm not sure about the copies as the court I went to only needed the one original.

Re the loan - you should say what you feel comfortable saying.

Desperate+Depressed

I'm in a bigger mess than I thought........just looked through all my bank statements (as no dout the OR will anyway)! I've taken out loans over the last couple of years to pay off a loan I previously had (all so that I could be on a better interest rate, therefore paying less per month).

To explain: August 2007 took out £10,000 Northen Rock loan (which I HONESTLY thought from memory I'd taken out for home improvements). Bank statement shows that I paid off an HSBC loan of £6,69.88 (no idea what that was for, HONESTLY can't remember....I know that sounds ridiculus, but I can't). Also paid £1,500 that I owed my mom - that was for removal costs and a months rent up front when I moved. Balance of £1,530.12 That just stayed in the account and was used day-to-day. Sept '07 out of work.

April 2008 took out £7,000 loan with HSBC. Paid £1,752.11 off credit card, £1,501.08 for new sofa and remainder WAS for home improvements and keep bank account in black.......as you can see, I was already in the brown stuff.....going from bad to worse! :mad:

Oct '08 took out Tesco loan £9,000 to re-pay HSBC £6,516.60 (again it was a better interest rate to consolidate my loan) Remainder WAS used for refurbishments on my own house, and some on ex-partner's.....but I'd rather not mention him if OR will want to speak to him!

Feb. '09 to present out of work......eventually saw sense that I needed professional advice and spoke to CCCS who advised BR.

I know some on here have said "don't put consolodated loans etc", and others have said "be truthful, that that was what I ended up doing". Trying to get myself out of the poo, but now realising I was just making things worse as time has gone on.

Do you think the OR and court will take the view that I shouldn't have borrowed what I couldn't afford, therefore will not let me go BR?????

Reasons: I took out a Norther Rock loan in August 2007 for £10,000 to use for home improvements. In September 2007 I had to leave work unexpectedly due to ill health and start claiming benefits of approximately £100.00 p.w. Due to the lack of income, I struggled with the loan repayments, but saw this as a short term problem. I already had a credit card, to which I had never used up to this point). I started to use the card to tide me over to live on and to and to pay the loan.

In February 2008 I returned back to full-time work earning just over £10,000. Approximately July 2008 due to improved income and personal improvements, I again used credit for essentials. In October 2008 I took out a £9,000 loan with Tesco. This was to be used for home improvements on my partner's house, due to our relationship becoming more stable and our intention to co-habit (thus 2 incomes, making our income larger). However, things did not go according to plan and in January 2009, we separated. The majority of the loan was spent on furnishing the "new joint home", with the remainder being spent on refurbishing my house and getting myself back on my feet.

It is with regret I find myself in the position of petitioning for bankruptcy. I have approximatey £28,000 worth of debt, with little ability to pay my creditors a I am now in receipt of benefits. I have taken advice from CCCS, who have advised I petition for bankruptcy.[/QUOTE]

debtinfo

Hi D+D borrowing money that you could not afford is not a reason for a bankruptcy to be denied, so dont worry about that. All you need to do is to tell the truth, you cannot change what has already happened

Desperate+Depressed

Just sat and cried for the last 20min.......convinced now that the judge will say no to BR, as I've brought this all on myself

Should I withdraw my application for BR???

nuttyp

nonono weve all been there and dont it. Br isnt easy but it is the right thing to do if your never going to be able to sort yourself out.

Please keep your appointment, it will be hard but after a while it will get better, i promise.

good luck and take care,

tigerfeet2006

NO!!!!

Sorry to shout but if you have recieved professional advice from one of the debt charities then the judge will NOT refuse you your BR. They respect the work that the charities do and know they wouldn't recommend it unless it was the only option.

You are on what we call the BR rollercoaster. Your emotions will be up, down and roundabout while this is going on. Think what your life is going to be like in 13 months time, do you want a life going forward from debt or a life cowed by debt.

MicheH

Don't worry! Borrowing is a trap and you do what you have to do at the time. Things can change rapidly and it's only when you look back you thnk how on earth has it got to this. The judge won't refuse you br on those grounds. You can't afford to pay your creditors now so br is the only option, you've sought pro help and this appears to be your only option.

Take care, everything will seem calmer next week.

Desperate+Depressed

Thanks for your understanding........I was ok(ish) up until I had to fill the page "Causes etc". Then it was having to re-write it so that it made sense(to me anyway), that I got the biggest smack in the face ever

Sorry to be a nuisance....could you tell me the best way of putting what I wrote earlier (the stuff in red mainly), without going on and on and on!

I no in the long run it does make a lot more sense to go BR now and be worry free in 12 months, rather than STRUGGLE through for the next 30+ years (as CCCS pointed out to me)

x